10-year instantaneous forward rate on government bonds (percentage points; nominal; interpolated; AAA rating) - Euro area - ECB - Daily
This series is part of the dataset: Euro-area government bond yield curves (ECB)
Download Full Dataset (.xlsx)Latest updates. According to ECB's statistics computed on AAA-rated securities, the instantaneous forward rate on euro-area government bonds at the 10-year maturity was 3.57 percent on 13 November 2025, versus 3.56 on 12 November 2025.
Sample. There are 5,418 observations overall in the daily series displayed in the figure above. The series covers the time span extending from September 2004 to November 2025.
History. Take a look at some descriptive statistics calculated on the entire sample: the forward rate reached a minimum of -0.40 percent on 9 March 2020; it attained a maximum of 5.74 on 2 June 2009; it had an average value of 2.87.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-11 | 3.5658 |
| 2025-11-12 | 3.5616 |
| 2025-11-13 | 3.5674 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 10-year rate ECB instantaneous forward yield curve (AAA bonds) |
| Country | Euro area |
| Economic concept | Interest rate |
| Data type | Constant-maturity nominal instantaneous forward rate on government bonds |
| Deflation method | Not applicable |
| Seasonally adjusted | No |
| Rescaling | None |
| Frequency | Daily |
| Unit | Percentage points |
| Source | European Central Bank |
| Source type | Central bank |
| Data licence | Free use subject to conditions |
| Measure type | Interpolated level |